Nikkei briefly hits 34-year high, with many Asian markets shut for Lunar New Year holiday

Investors were encouraged by remarks by Bank of Japan Deputy Gov Shinichi Uchida, who hinted the central bank will maintain its easy monetary policy stance even after ending its current negative benchmark rate.

Of course rentiers are happy about the continuation of their subsidized easy money.

https://www.spectator.co.uk/article/qe-the-ultimate-subsidy-for-the-rich/

This booming market wealth will be trickling down any day now right?

@dagon,

Great comments as usual.

Couldn't agree more.

Seeing lunar new year is celebrated everywhere in Asia, now that it’s an international holiday this year as well, why isn’t Japan trying to be included in Asia and updating their national holiday numbers. Can’t move closer to your neighbors if you aren’t sharing in cultural events. Even the Muslim country of Indoneisa is celebrating.

The more they gain the more the poor fail.

This booming market wealth will be trickling down any day now right?

Yen goes down, yen denominated assets go up, it’s a wash.

Rather than moan about “rentiers” and “late-stage capitalism” like always, how about you open a nisa account yourself and invest 1,000 yen a month in foreign assets, or as much as you can spare.

(Then you can thank me on your 30th birthday.)

The bubble is about to burst … again. This time around it will be a lot more painful!

I predicted the Nikkei index to test the uncharted waters of 40,000 points by the end of '24. Now, it's almost certainly coming sooner - the index just needs another ~8% rise!

40,000 points by August. Put it in your calendars.

No matter how "Nikkei" hits high, it's related nothing to most ordinal Japanese citizen who are in tough life. who enjoying empty game are only handful wealth class.